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What Does Business Owe the World? US Sustainability Report Summary 2017 About This Report

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What Does Business Owe the World? US Sustainability Report Summary 2017 About This Report What does business owe the world? US Sustainability Report Summary 2017 About this report The EY US Sustainability Report 2017 covers FY17, from 1 July 2016 to 30 June 2017. Several initiatives or stories that were launched in FY18 are included in this report as they may be relevant and provide more up-to-date information to our stakeholders. Ernst & Young LLP (together with its affiliate, Ernst & Young U.S. LLP) is a limited liability partnership organized in Delaware and is a member firm of Ernst & Young Global Limited, a UK company limited by guarantee (EYG). In this report, we refer to ourselves as “EY US” and “we.” EY refers collectively to the global organization of the member firms of EYG. Learn more This document is a high-level summary of our full sustainability report, available at ey.com. PURPOSE 2 ABOUT EY 3 SUSTAINABILITY 5 PRINCIPLES 9 PEOPLE 11 1 SERVICE 17 COMMUNITIES 19 ENVIRONMENT 23 LEARN MORE 25 1 US Sustainability Report Summary 2017 PURPOSE What happens when everyone in an organization is committed to a shared purpose? A word from Steve Howe, EY US Chairman and Americas Managing Partner Take a look around the world today, and you will see so impact to find one breakthrough idea, whether it is to redefine much that is inspiring — and that may make us feel uneasy. an important business process, to upend outmoded ways of New ways of working and connecting, enabled by advances in thinking or to instill a new passion for a community issue. technology and globalization, have accelerated to the point In the pages that follow, you will see the advances we have where what appears on the horizon is now right in our laps. It made, both in our operations and how we help build a better is a thrilling yet challenging time to be not just in business but working world. Many of these challenges are not so easily also a citizen in the world. overcome, especially for a business that has grown — and is With that in mind, growing — as rapidly as we are. We are rising to the challenge. Ernst & Young LLP In many areas we are already leaders. We lead in revenue (EY US) is constantly growth across our industry, we are recognized as leaders in evolving our Vision 2020 diversity and inclusiveness, and we are an employer of choice framework for growth on campus and among experienced professionals. and success to continue But we know we can be even better. to do what we do best: promoting trust and In the short term, EY US is focused on further improving our transparency in capital diversity and inclusiveness metrics, achieving our greenhouse markets, and helping gas emission targets and more. And we are learning more companies prosper and drive job growth in a disruptive era. about where we need to improve and where we can help Innovation is at the core of these endeavors within our own others as well, whether it is in supporting entrepreneurs and operations — for example, in robotic process automation and youth education or creating more equitable opportunities in machine learning, which can shift our people toward more the workplace. complex and critically challenging tasks. Disruptive forces will not fade away — they will continue to But all of what we do, no matter how we do it, is founded on evolve. And EY will evolve right alongside them, never losing our values and our overarching purpose. If you have ever read sight of the core values of equity and opportunity that anything about EY before, then you know what I am about to have propelled us in the past. say. Our message is as important now as it has ever been: our purpose is to build a better working world. And in this rapidly changing world, we have strength in numbers: more than 45,000 people in the US. We challenge them all to make an US Sustainability Report Summary 2017 2 ABOUT EY FY 2017 US revenue, growth Market position and personnel and accolades Through our member firms in the US and around the world, the EY organization serves our clients through a broad focus, centered on the entire account instead of just segmented #1 #1 areas. We group our client- Rank among Big Four in growth Leader in Fortune 500 and 1000, serving people into four global (Americas) Russell 3000 audits, and IPOs service lines — Assurance, Tax, Same as in 2015 Transaction Advisory Services and Advisory — each of which #4 has its own subservice lines. $13b EY US is proud to have been For more information about Total revenue in the US ranked as the fourth World’s our service and subservice $11.2b in 2015 Most Attractive Employer lines, please visit our website. in the Universum 2017 Employer Rankings, and for Core Business Services is our the 10th straight year, college internal practice support group. 6.6% students ranked us No. 1 We issue a sustainability report in accounting Annual revenue growth in the US every two years, and where 12.5% in 2015 applicable, we provide 2015 benchmarks to our figures 20 years at right. 46,471 For the 20th consecutive year, 3 EY US appears on FORTUNE People in the US magazine’s 100 Best Companies Up from 40,148 in 2015 to Work For® list Vision 2020+ As part of defining our purpose of building a better working world and making it real, EY rolled out our Vision 2020 strategy a few years ago to get our people motivated behind an ambitious goal to be the top global professional services organization by 2020. And those plans have evolved into Vision 2020+, the next step in becoming a future-facing organization. It builds on the success we’ve achieved so far and accounts for the dramatic, fast-paced changes that the world is undergoing. Vision 2020+ addresses the changes we’re seeing through a series of service line and sector big bets as well as execution priorities for the entire organization. 3 US Sustainability Report Summary 2017 Diversity Equality Ethics and inclusiveness and training #1 45% 100% Position on the DiversityInc Percentage of new hires Percentage of client-serving Top 50 Companies for Diversity who are women professionals who signed the list, marking 15 years on the list 44% in 2015 EY Global Code of Conduct 80% 35% 2.8m Percentage of employees Percentage of those promoted Total continuing professional who indicated that their managers to partner, principal, executive education (CPE) hours for encourage and respect varying director or director rank EY US people viewpoints, perspectives who are women 2.5 million in 2015 and styles Up from 32% in 2015 82% in 2015 112,000 39% Hours of ethics-related training in the classroom, New hires from campuses online and through web-based who are minorities learning modules Same as in 2015 Over 100,000 in 2015 US Sustainability Report Summary 2017 4 SUSTAINABILITY EY US believes that doing well on the bottom line and doing well for society as a whole are not conflicting goals — that business is part of the solution and not just part of the problem. 5 5 US Sustainability Report Summary 2017 The future of sustainability in a changing world In 2017, Gallup found that 36% of Americans had very little confidence in big business — not much changed from the days of the financial crisis, and nearly the highest rate recorded in over 40 years of polling. And a 2016 Harvard University survey that exclusively examined a younger generation, ages 18 to 29, found that more than half of participants did not support capitalism. In a time of great change, some Americans see the country shifting — or stuck — 81% in an environment that doesn’t favor them. Globalization continues unabated, cities are growing in importance, and rural areas are at greater risk of being left behind. Percentage of people who feel A new innovation arrives, and just as quickly, a company vanishes. Thousands of we live our values, according to jobs can disappear in an instant while others, requiring new skills, can surface just the latest Global People Survey as quickly. results in the US For businesses to survive and thrive over the long term, today’s environment requires greater agility, innovation and resilience — and the benefits extend beyond the balance sheet. EY US believes that doing well on the bottom line and doing well for society as a whole are not conflicting goals — that business is part of the solution and not just part of the problem. That purpose galvanizes us every day, aligned not just to how we position ourselves to succeed in the market but also to engage our people and show their work is meaningful. Agents for positive change Efforts that drive sustainable development and inclusive capitalism — to spread economic opportunity while considering social and environmental impacts — are advancing nationally and globally. As an advisor to some of these initiatives, as well as to the world’s biggest companies, EY US is in a position to act as an example and a resource for furthering mutually beneficial aspirations: To make better decisions, stakeholders In the emerging field ofsocial‑impact We accelerate positive change by investing such as investors, lenders and insurance investing, talent and financing are in key thought leadership and engaging underwriters need more impactful matched with projects with measurable with a large range of stakeholders to disclosures centered around outcomes that can further improve society, collaborate on key workplace issues. For environmental, social and governance such as by supporting entrepreneurs in example, we conducted our third Global topics.
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